Knitted Fabrics Market

Knitted Fabrics Market Outlook

The knitted fabric market analysis exhibits that global demand reached nearly US$ 24 Bn in 2020. According to Fact.MR’s report, knitted fabric sales will likely expand at a CAGR of nearly 5% from 2021 to 2031, with new market entrants and developing firms accounting for nearly 50% of the overall market.

Global knitted fabrics market size is projected to reach nearly US$ 40 Bn by 2031. Because of its low cost, improved elasticity, and easier manufacturing method, weft-knitted fabrics will continue dominating the market.

Key Points Addressed in Knitted Fabrics Industry Analysis

• Market Estimates and Forecasts (2016-2031)
• Key Drivers and Restraints Shaping Market Growth
• Segment-wise, Country-wise, and Region-wise Analysis
• Competition Mapping and Benchmarking
• Brand Share and Market Share Analysis
• Key Product Innovations and Regulatory Climate
• COVID-19 Impact on Knitted Fabrics and How to Navigate
• Recommendation on Key Winning Strategies

Consumption Analysis of Knitted Fabrics 2016-2020 Vs Future Outlook 2021-2031

From 2016 to 2020, demand for knitted fabrics expanded at a CAGR of around 4% to be valued at around US$ 24 Bn. Growing applications in the construction, vehicle, medical, and manufacturing sectors have generated profitable opportunities in the said period.

The growing usage of high-tech medical textiles in healthcare applications is projected to open up a slew of new prospects for knitted fabric manufacturers. To improve the texture and flexibility of knitted materials, they are using new printing processes.

The worldwide knitted fabrics industry is expected to generate significant revenue over the upcoming years 2021-2031. As per projections estimated by Fact.MR, a CAGR close to 5% is anticipated for the market in the aforementioned forecast period.

How are Lightweight Designs Influencing Knitted Fabrics Demand?

Circular knit textiles that are feather-light are popular in the hosiery sector. The ability of knitted textiles to provide greater ventilation is a major factor in this scenario. Furthermore, protective apparel is frequently made from lightweight knitted materials.

Karl Mayer has introduced the new 4D-KNIT generation of warp-knitted fabric. The new fabric type brings up previously unimagined design and product development opportunities.

How is 3D Technology Spurring Sales of Knitted Fabrics?

Rising demand for improved 3D knitting technologies, automation, and artificial intelligence is rapidly penetrating the global textile industry. The need to enhance productivity is prompting manufacturers to adopt advanced production methods.

Significant developments have peppered the knitted fabrics domain in this regard. For instance, polymer specialists Polymaker and Covestro announced the release of their new jointly developed 3D printable fabrics in 2020. The companies have developed a whole new processing technology, in collaboration with two 3D printer manufacturers.

These printing approaches, according to Polymaker, are environmentally friendly alternatives to traditional weaving. Both companies claim it can help transform and upgrade 3D printed fabrics “from artwork to industrialization.”

Country-wise Insights

How Lucrative are Knitted Fabrics Sales Opportunities in the U.S?

According to Fact.MR, knitted fabrics demand in the U.S is expected to grow at around 4% CAGR. Because of the rising need for cotton fabric in T-shirts and outdoor wear, the U.S is an important market for knitted fabrics.

Apart from other textile completed applications, it is also one of the primary markets for textile raw materials, fabrics, garments, yarns, and home furnishings.

What Supports High Knitted Fabrics Sales across Asia?

Asia is one of the leading markets for knitted fabrics. Amongst all countries, China and India are likely to dominate the landscape. The countries are noted for having the world's highest garment exports.

Major Chinese manufacturers are increasingly focusing on digitalization and automation. This step is assisting them in improving the quality of their knitting textiles. Apart from China and India, Bangladesh is expected to be a promising market for knitted fabrics. A market share of nearly 60% is projected for the Asian region.

Why are Manufacturers Favoring Europe for Enhancing Knitted Fabric Sales?

In 2021, market demand for knitted fabrics in Europe is predicted to reach 83,300 kilotons in volume, with a significant increase expected over the forecast period.

It can be linked to favorable government policies and trade agreements on the textile and garment industry, such as free-trade agreements and the Euro-Mediterranean Dialogue.

Category-wise Insights

Why are Warp-Knitted Fabrics Emerging as Potential Cash Cows?

Warp-knitted fabrics are expected to remain the top selling fabric type category until 2031, capturing over 50% of overall demand. Extensive applications across a broad range of industries is spurring demand.

Warp knitted fabrics are deployed across the automotive, building & construction, clothing, interior wear & accessories, home décor, automobile and manufacturing. Uptake is majorly spurred by automotive and construction sectors.

How is the Automotive Industry Generating Demand for Knitted Fabrics?

Knitted fabrics are finding extensive applications across the automotive industry. Attributed to their cushioning characteristics, knitted fabrics are used to manufacture car seats, airbags, protective linings and roofs.

According to the market research published by Fact.MR, sales of knitted fabrics in the automotive sector is expected to grow at almost 5% CAGR across the 2021-2031 assessment period.

Competitive Landscape

In the following decade, manufacturers in the Knitted Fabrics market will focus on strategic acquisitions, collaborations, and product launches.

1. With the use of KnitCrete, a 3D-knitted formwork, Zaha Hadid Architects and researchers from ETH Zurich  constructed a double-curved concrete shelled pavilion. By simplifying the construction process for complex shapes, this framework is said to have helped save material, waste, and labor in the construction industry.
2. Similarly, Maral manufacturers introduced high-quality knit fabrics with unique characteristics and high-quality materials in the quickest period feasible. Their in-house diversity of spinning skills of Dyed Yarn, Knitting, Brushing, Sueding, and Printing offers us a strategic advantage over the competition in offering a varied selection of knit materials for both innerwear and outerwear.
3. To maximize the benefits for clients, Stoll and KM.ON, two popular Karl Mayer Group companies, have combined their experience and creativity for the new product Create. Stoll is a flat knitting technology pioneer who offers unique process knowledge to its business, resulting in faultless flat knitting solutions and exceptional client service, according to the company.

Report Scope

Attribute	Details
Forecast Period	2021-2031
Historical Data Available for	2016-2020
Market Analysis	US$ Mn for Value & ‘000 Units for Volume
Key Regions Covered	North America Latin America Europe East Asia South Asia Oceania Middle East & Africa
Key Market Segments Covered	U.S Canada Mexico Brazil Argentina Germany France U.K Italy Spain Russia India China Japan South Korea ASEAN Australia GCC South Africa
Key Market Segments Covered	Fabric Type Application Region
Key Companies Profiled	BSL Limited INVISTA S.R.L Lu Thai Textile Co. Ltd. Paramount Textile Mills Ltd. Paulo de Oliveira S.A. Successori REDA S.p.A. Shandong Jining Ruyi Woolen Textile Co. Ltd. Sinopec Yizheng Chemical Fiber Company Ltd. China Textiles Ltd. Rhodia SA Li & Fung Group Modern Woollens Ltd. Mayur Suitings Ltd. JCT Limited
Pricing	Available upon Request

Key Segments Covered

• Fabric Types

  • Weft Knitted Fabrics
  • Warp Knitted Fabrics

• Application

  • Knitted Fabrics for Clothing
  • Knitted Fabrics for Civil Engineering
  • Knitted Fabrics for Automotive
  • Knitted Fabrics for Aerospace
  • Knitted Fabrics for Construction
  • Knitted Fabrics for Agricultural Applications
  • Knitted Fabrics for Medical Applications
  • Knitted Fabrics for Other Applications